GlaxoSmithKline Consumer Healthcare records strong growth for the quarter ended Sep 30, 2010. Sales rises by 24 % and Profits up by 31%
02 November 2010
Gurgaon, NCR, India,Nov 2, 2010
GlaxoSmithKline Consumer Healthcare records strong growth for the quarter ended Sep 30, 2010
Sales rises by 24 % and Profits up by 31%
Highlights for the quarter______________________________________________________
Robust advertising campaigns on relaunch of Horlicks as an F& B Megabrand
New product launches and innovations lead the growth
Sustained focus on cost reduction and expansion of distribution network
GlaxoSmithKline Consumer Healthcare Limited (GSKCH) today declared its financial results for the quarter ended September 30, 2010. Net sales at Rs 612.6 Crores recorded an impressive growth of 24% over 2009 with PAT at Rs. 78.6 Crores growing by 31% for the same period and PBT growing by 33%, over last year to Rs. 117.8 Crores.
"Talking about the growth during the quarter,Zubair Ahmed, Managing Director, GlaxoSmithKline Consumer Healthcare Ltd.said, "Our strong growth in this quarter reflects the confidence the consumers have in our brands and products. We believe in consistent innovation of our brands to keep abreast with the evolving demands of the consumers. Also, we will continue the growth momentum of our CH business through introduction of new products of value that are relevant for the Indian market."
About GlaxoSmithKline Consumer Healthcare Ltd.
GSKCH is an associate of GlaxoSmithKline plc. of the U.K, a global science based healthcare company. GSKCH has continually benefited from the technical and marketing inputs that have been available as a consequence of this association. GSKCH is the largest player in the health food drinks industry. The Company with its manufacturing plants located in Nabha, Rajahmundry and Sonepat has a total workforce of about 2700 people.
GSKCH has a strong marketing and distribution network in India comprising over 550 wholesalers and direct coverage of over 6,40,000 retail outlets. Its flagship product, Horlicks, is a widely regarded and highly respected brand for over 100 years. The Company also manufactures and markets Boost, Viva and Maltova and in addition markets and distributes a number of products in diverse categories, which include prominent names such as Eno, Crocin, and Iodex as well as products from the global portfolio like Lucozade Sport, Breathe Right and Sensodyne.
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Genesis Burson Marsteller
Genesis Burson Marsteller